Show INSURANCE SUHA REFORM Indianapolis News Tho The distinguished distinguished distin distin- committee that Is to represent represent represent sent and act ael for Cor the policyholders of the Mutual Life Insurance company of or New York ant and tho lie New York Life In Insurance c company has undertaken a work worle that can be carried through only with tho the loyal loal operation co-operation of the polle polIcyholders holders Richard Olne Olney I Is l. tho the chairman and Governor Go Hanly the vice Ice chairman of the committee In a circular which has just been Is Issued Issued Is- Is sued It Is pointed out how the voting power flower has gradually been transferred from Irma the 1 to toa toa toa a few ow of the tho executive officers living Jiving in iii New Now York who have controlled these companies and their vast assets In their own o Interest The Quo OUO assets represent the tho premium pale paid b by the insurers and amid so the they he belong Ions entirely to the Iho Insurers s. s The new law provides a method b by which this thi property may bo be controlled by ly the tho themen themen thomen men that own it iti Under the old law v lawIt It 11 was sas practically impossible for or this c control to be bo asserted Last year car after the agitation was vas in full swing only 2528 S votes were cast mainly b by proxies out of or a total voting t strength of The out old custom was for cor the officer to secure through the agents proxies made out to lo the president or some sonic someo I o other 1 er officer on the delivery of or tho the policy And so It was that the whole voting strength was absorbed b by the executive officers who of course used It to perpetuate themselves In In power Out of or this system grew the scandal scandals and abuses which shocked the world These self appointed directors the tho committee says S arc are still In control and will remain In control directly or through their own nominees unless you as pOlicyholders decide otherwise e eb b by the exercise o of oC your our right of oC simple sim plo pio voting ballot which has been heen restored re me- stored b by the recently enacted laws The right to vote Is Js secured and 1 It ItIs itIs Is now for fOl or tho the men who have uwe It to exercise e It It Is 18 possible now am and only now no to gain complete control for this year car a n full Cull directorate is to tobe tobe be he elected while hereafter only half hal I Is to be bc elected each year r. r So the committee Is to nominate candidates Cc The officers In power will also nominate nominate nomi nomi- nate candidates The committee ticket should of course bo be elected It Is well that the time should be bo warned against the tho Influence which will certainly be brou brought ht to lo hear bear on on them by the lie local agents The commIttee com com- says If you Jou as a policyholder will Intelligently Intelli gently exercise this personal choice and do what hat you can to Instruct your our Immediate friends who ho arc are policyholders policyholders policy policy- holders so that the they shall shaH not not be misled b by the lie efforts of or paid n agents the success of this campaign campal n In your om Interest is assured The Tho policyholders can If Ir they will win this light which Is being n made ade wholly in iii their theft own interests As for fOI further Investigation and the thc Institution institution tion of suits to lo recover money unlawfully tully fully expended these matters mailers are arc to lo lobe tobe tobe be tended to by time the now management and this makes It all the tho more necessary necessary necessary sary that thai there thero should bo a mana manage manage- ement e- e ment Interested in unearthing wrong ather than one Interested In concealIng conceal- conceal lug Ing ng it It is estimated that thai the campaign campaign cam cain will cost a a- great deal teal of or mono money The mere sending out the tho circular will cost st Voluntary contributions contri- contri arc are therefore asked for in HI inurns sums urns of 1 an and upward which should be sent by the policyholders to SC Soy Scy- amour nour Eaton secretary |